The Olympian from Olympia, Washington • 15

CTlic (DlQinpian TUESDAY SOUTH SOUND PHOFIE WEDNESDAY ALL NADARS WORK THURSDAY! GEAR SHFnNGyPRIME TIME BFnmpM SATURDAY! POCKETBOOK B5 ALXaaiggs MONEY EDTTQFt JEFF SMITH 754-5403 MEDIA Thursday will bring silence to The Capitol hope to be able to Jim Jaillet host of the Capital Conference a weekly talk show on KCPL said he was disappointed about the station dosing had an awful lot of people calling the last couple of weeks to say how much they were going to miss the JaiUet said think this provided a real community service by giving people the opportunity to discuss their opinions com-' unfiltered going to be a pletelyi Midnight Signing off: After 40 years KCPL-AM is going off the air By Jeff Smith Tha Olympian After nearly 40 years on the air The Capitol is headed toward its final sign-off At midnight Thursday KCPL 920 AM will go off the air General Manager Ron Palmer said owners were unable to find a buyer for the station 0 ALL IN A DAYS down to a 35-mile Palmer said The station owners explored several options for increasing the station's signal range but in the end it was decided that it would be most feasible to either sell the station or close it Palmer said The station employs 10 full-time and five part-time woikers of us want to stay in the Palmer said don't know now what Tm going to do but I have strong ties to this area and I ECONOMY Still rising: New-home buyers show continued confidence in the economy The Associated Praia WASHINGTON Sales of new homes rosd in July for the third straight month to their highest level in more than a year ana analysts predicted lower mortgage rates and steady consumer confidence will continue to strengthen the housing market The Commerce Department said Tuesday that sales of single-family homes increased 04 percent last month to a seasonally adjusted annual rate of 715000 nignest since 722000 in March 1994 New-home sales in the South were at a 10-year high more than offsetting weakness elsewhere and builders are feeling better about things than they did a couple months said David Sei-ders chief economist for the National Association of Home Builders looking pretty good after sane scary While the economy slowed to a standstill this year and recently has shown only mixed signs of improving the housing market has been bnght spot lately Sales in June were 712000 revised down from an earlier estimate of 728000 but still 61 percent higher than in May Single-family construction had slowed considerably prior to late spring and the turnaround in mot-gage rates Fixed-rate 30-year mortgages were around 9 percent at the I It is owned by Minneapolis-based National Communications are sad no doubt about Palmer said radio station has been a part of the community for many The station began broadcasting in 1956 under the call letters K1TN In the mid-1980s it was purchased by National Broadcast and its call letters were changed to KQEU and marketed locally as KQ92 In 1993 the station revamped its format putting more emphasis on WORK archaeologist a Employan Washington state Department of Community Development Addrsssi McCieary Mansion 111 21st Ave KL-11 Olympia a Salary rang at $25000 to $60000 a For mote Information! e-mail oahpwlncom or home-page http7Awwwowtcommcas lists volunteer opportunities The job also requires writing' and speaking abilities Archaeologists must be able to put their survey results into perspective and present them to audiences Fbr example Whitlam gave a tation on early Spanish explorations into the Pacific Northwest job is to be the voice for preserving Washington's archaeological resources He coordinates Die archaeological preservation work with students tribal staff and federal and state agencies The sites Whitlam works on preserving range from ancient Chinook village sites to a sunken B-52 bomber non World War II in Lake Washington He works with foresters during timber harvests if they are working on what is believed to he a historical rite Archaeologists obtain data not only about human activities but can also glean information about the flora and fauna and climactic conditions of a given era Usually as archaeologists MONEYCHECK CO I Hera is sampling of 12-month certificate of deposit rates it selected Unsocial institutions In the South Sound Credit union rates are tof members only Cantannial bmET-Rate: 575 percent Centtawfital Savings Bantu Rate: 540 percent First Community Bantu Rata: 56 percent The Market MARKETS vStocks end higher Tin uneven trading Stocks staged a partial come-back Tuesday as Wall Street faced another unsettled day for 1 technology issues The Dow Jones industrial av-H erage improved in late trading to wind lip with a gain of 1444 points to 460844 Other widely followed market indicators mainly New York i Stock Exchange issues also advanced modestly The NYSE composite index crept up 027 to 30096 and Standard Poor's 500 rose 005 to 56000 But losers held an edge over gainers of about 6 to 5 on the Big Board where volume expanded to 31129 million shares as of 4 pm from 287 J7 million Monday MEDIA a WARNER STOCK SWARi Time Warner Inc is reshaping its relationship with two Japanese companies that own a minority stake in its cable televirion and filmed entertainment businesses a source dose to the situation said Tuesday The source who spoke on condition of anonymity said the Time Warner board approved a proposal under which Toshiba Corp and Itochu Corp would exchange their combined 111 percent stake in Time Warner Entertainment LP for a new issue of preferred stock in the parent company Time Warner owns about 634 percent of Time Warner Entertainment which encompasses the Warner Bros film and TV studios Home Box Office pay-TV operations and Time cable TV systems RETAILING RACK TO SCHOOLi The back-to-school season has had an unspectacular start as warm weather dried up demand for fall and early winter clothing Wall Street analysts said predicting disappointing retail sries results 1 for tiie month of August The big retailers will announce their sales figures on Thursday In advance of those reports sane analysts issued estimates of sluggish sries at department store and apparel retailers Daniel Barry the Merrill Jnch analyst said the month began well but initial reading of strong August sales was too good to be TECHNOLOGY ATAT AGAINST SPRINT SALEi plans to ask the federal Communications Commission to block a French and German telephone company from collectively buying 20 percent of Sprint The company wants the agency to intervene after the Justice Department cleared the $4-1 billion deal believes the deal should be stopped until the French and German governments open their telecommunications markets to US companies Victor Prison an executive vice president said Ibes-day Olympian news services August 29 1995 DOW (Industriali) NYSE news and sports and changed its call letters to KCPL marketing itself locally as The Capitol Palmer said a main issue for the station is that its range is severely limited lost a lawsuit a few years ago and had to close one of our he said With only one tower the 5000-watt station was reduced to 500 watts during the day and went to 8A watts at night broadcasting range was cut staff members at the office but occasionally does get out to sites such as Leavenworth in Eastern Washington While archaeologists study the past they need to keep up with technological developments in computers and other technology to do their work most efficiently Whitlam said archaeologists may be found e-mailing a re througha hand-held video camera Robots are used to survey underwater shipwrecks in Puget Sound People interested in going into archaeology need to have aback-ground in technology natural sciences math geology and field experience everything you Whitlam said Volunteer opportunities are available through a project called Passport in Time in which vohm- -teers are Invited to help excavate and explore archaeological digs Although Whitlam enjoys the variety in his work the downside to the job is that you just save every single site he said inevitable There will be losses that are like losing a chapter of that rare book" Whitlam said gone gone All in a Day's Work is a regular feature looking at the diversity of jobs in our community To suggest a topic please call Jeff Smith at 754-5403 Write to the Money section co The Olympian RO Box 407 Olympia Wash 98507 MARKET ROUNDUP Stavo Bloom Tha Olympian UNCOVERINGTHEPASTi Stale archaeologist Rob Whitlam uses maps and computers to help him along his path to the past Modem archaeologist digs variety Changing Job: The state archaeologist likes to get out in the field RobGL Whitlam a Occupation! Stale progress through their careers they do less field work in remote areas and more work from their offices Whitlam works with 10 ring of the year before dropping They averaged 761 percent in July up slightly from 753 percent the previous month The decline from their peak translates into a savings for home owners of more than $100 a month in the cost of a $100000 loan Consumer confidence also has been a plus analysts said The Conference Board a business research group said Tuesday that its monthly gauge of consumer sentiment slipped slightly to 101 in August but remains at a high level Expectations for the future rose this month the board said citing stable low unemployment and an absence of inflation should continue to see decent strength in the housing said David Berson of the Federal National Mortgage Association or Fannie Mae a major source of home financing think it will remain relatively strong as long as mortgage rates remain under 8 The stock market drifted lower but analysts said the economic reports appeared to have little impact The Dow Jones industrial average fell 16 points by midday while bond prices were nearly unchanged The Commerce Department said sales of new homes in the South surged 225 percent in July to an annual rate of 359000 the highest since March 1986 But they fell in other parts of the nation declining 13 percent in the West to 281000 333 percent in the Northeast to 52000 and 68 percent in the Midwest to 123000 range top that was to arrive at a local store from Seattle on Friday heard from Timmins said She said she might have to buy a second range top elsewhere to finish her remodeling job an she said it want to make sure things I through the are getting very said Jan Margosian consumer information coordinator for the Oregon Department of Justice those who have items on layaway or have paid for items to be She said those people were being sent proof-of-claim forms with the suggestion that they possibly consult an attorney fill out the forma and mail them in Filing the forms she said will entitle than to notification of meetings' and hearings in the bankruptcy case owes more than $70 million to more than 5000 creditors Chief Executive Officer Glen Gn-dem said Monday at an employee i meeting that he is anxious to reopen the stores jus! foil 3 MONEY RATES Monay nriaa tar Ikwaday laportad by Dow TMsrata Wwl rala IndaK 5650 Prims Rais: 875 TREASURY BILLS TVaaauty BM annualaad rWa on waaMy avaraga baa yield adjuWad lor conatant maturity 1-yaaraaol Aug 28 551 Itaaa Biimariiat rala 1-yaar 841-530 Traaa Bondmarfcat two 30-yaar aa ol 4pm 670 Fatmia Mat 30 yoar mortgaga com- Judge delays hearing on bankruptcy By Kamilla McClelland The Olympian If you enjoy learning about the past but can keep up-to-date on technology developments as well you may want to become an archaeologist Rob Whitlam PhD is the archaeologist He has worked out of the Office iff Archeology and Historic Preservation of tne Department of Community Trade and Economic Development in Olympia for the past 13 years is a discipline that allows you to explore a wide variety of Whitlam said can do field work explore and experience different places explore and meet different peoples and form While traditionally professional archaeologists occupied research or teaching positions at universities or museums the past couple of decades have seen the career expanded into environmental pluming at the federal state and tribal government level and into private consulting including work on environmental impact statements Whitlam said More than 60 percent of practicing archaeologists are involved in environ- mental planning Whitlam said the job frequently requires at least a graduate degree He obtained his degree at the University of Victoria and his doctorate in archaeology at the University of Washington LOCAL STOCKS Waiting It out: Customers are left in the dark while the chain remains dosed Olympian staff news sarvicM Federal bankruptcy proceedings for Home Flirnishings are on hold until Thursday to allow attorneys time to revise the com- TUesday The 18-store chain which employs more than 1000 people has filed for reorganization under Chapter 11 of the bankruptcy laws Stores have been dosed since Friday afternoon Although signs posted at the Lacey store on Friday said the store would reopen Tuesday it remained closed As the court case dragged on customers in Oregon Washington ind Idaho were left to wonder what would happen to their payment plans undelivered merchandise and service agreements Ruth Timmins purchased a $372 4875 4125 9195 10195 INDEX Low Cloao Chg MidCap 20771 SmaiCap 11578 Compoaria 55517 -038 'Dow Jones 6195 7195 8195 STANDARD AND High Law Claaa Chf Industrials 65865 45278 17348-043 5570 30 days 788:50 days 704 Fad Homo Loan 1 1Bs DWrict Coal ol Funds: Aaaf July 31:5179 METALS Aluminum 843 can par fc par lb Gold -336240 troy or -35510 par boy or.